Macroeconomy/Finance

Argentina pays $850 million for two bonds and avoids default

Alberto Fernández’ government will pay on Monday $98 million for maturities of the ‘Discount’ bond and on Tuesday $752 million for the controversial ‘Centennial’ bond, the National Treasury announced. Argentina will end this year having paid all maturing bonds in 2019, after new Economy minister Martín Guzmán secured the postponement until 31st August of $9 billion payments by launching Treasury bills in pesos with generous interest rates, maturing in April and June.

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Source: Ámbito